Capri Holdings Results Presentation Deck
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, except per share data)
Gross profit
Operating expenses
Total (loss) income from operations
(Loss) income before provision for income taxes
Provision for income taxes
Net (loss) income attributable to Capri
Diluted net (loss) income per ordinary share - Capri
(2)
As Reported
$
GA
$
$
$
737
876
(139)
(136)
46
(183)
(1.21)
Impairment
Charges (1)
$
$
$
(206)
$
206
$ 206
$
23
$
183
1.19
Restructuring
and Other
Charges (2)
GA
Three Months Ended March 27, 2021
COVID-19
Related
Charges
$
(14)
14
14
0.06
Charitable
Donations
$
(20)
20
20
5
15
$ 0.10
$
$
$
$
GA
23
(17)
40
40
6
34
0.22
Capri
Transformation
$
$
SA
LA
SA
SA
(2) $
2
2
2
As Adjusted
$
0.02
SA
$
760
617
143
146
86
59
0.38
(1) Includes impairment charges of $94 million related to goodwill associated with the Jimmy Choo wholesale and licensing reporting units, $69 million related to the Jimmy Choo brand indefinite-lived
intangible assets. These impairment charges were primarily related to higher discount rates in the current year driven by a change in market factors as well as a shift in expected revenue and
earnings mix to the retail segment. This amount also includes $43 million primarily related to operating lease right-of-use assets and fixed assets of our retail store locations.
Includes store closure costs which have been incorporated into the Capri Retail Store Optimization Program, other restructuring initiatives, and other costs recorded in connection with the
acquisitions of Gianni Versace S.r.l. and Jimmy Choo Group Limited.View entire presentation